Daigou retailer sells well on ASX debut

Original article by Jessica Sier
The Australian Financial Review – Page: 25 : 6-Oct-17

So-called "daigou" retailer AuMake performed strongly on its sharemarket debut on 5 October. AuMake, which raised $A6 million from the issue of shares at $A0.08 each, traded as high as $A0.235. Founders Joshua Zhou and Lynn Zheng own 17 per cent of AuMake, while CVC is its biggest institutional investor. AuMake currently has six stores in Sydney and generates over $A13 million a year in revenue.

CORPORATES
AUMAKE INTERNATIONAL LIMITED – ASX AU8, CVC LIMITED – ASX CVC, ITM CORPORATION LIMITED, AUGEND LIMITED, TITAN ENERGY SERVICES, WECHAT, BELLAMY’S AUSTRALIA LIMITED – ASX BAL, THE A2 MILK COMPANY LIMITED – ASX A2M

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s